According to the data monitored by the Business News Agency, as of March 20, the price of high-quality power type lithium iron phosphate was 121000 yuan/ton, which was a weak decline compared to the lithium iron phosphate market in the same period last week. The overall price fell by 13.57%. The mainstream price range was around 120000 yuan/ton, mainly for contract customers, and new orders were not received.
Lithium iron phosphate is mainly operated in a weak manner, with a significant price decline. Currently, the mainstream price is 120000 yuan/ton. The upstream price is operated in a weak manner, with a downward trend in price. The cost side support for lithium iron phosphate is insufficient. Downstream procurement is based on demand, with insufficient demand and slow order issuance. The manufacturer’s supply source is only for old customers. Currently, the operating rate is normal, and logistics is smooth. In the short term, lithium iron phosphate is operated in a weak manner.
Chemical commodity index: On March 19, the chemical index stood at 918 points, unchanged from yesterday, down 34.43% from the cycle’s highest point of 1400 points (2021-10-23), and up 53.51% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 to now)
Analysts from the Business Society believe that the weak operation of the lithium iron phosphate market is dominant in the short term.